ECON FACTBOOK

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Economy of Myanmar

Population: 53 million in 2013¹

GDP: $59 billion in 2013²

GDP per capita: $1,126 nominal³ ($1,600 PPP⁴) in 2012

GDP growth rate: 6.8% in 2013

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ millions) 2012	Percent of total
Agriculture, hunting, forestry, fishing	19,000	34.3%
Manufacturing	11,397	20.6%
Wholesale, retail trade, restaurants and hotels	11,100	20.1%
Transport, storage and communication	7,707	13.9%
Construction	2,707	4.9%
Other activities	2,167	3.9%
Mining and utilities	1,274	2.3%
Total value added	55,352	100%

Employment

Unemployment rate: 3.4% in 2013⁷

Employment by Industry 2001⁸

Employment sector	Percent of total
Agriculture	70%
Sevices	23%
Industry	7%
Total	100%

Corporations

Top 10 Corporations by Revenue 2013⁹

N/A

Households

Household Wealth: $69 billion (117% of GDP) in 2014¹⁰

Household Wealth per Adult: $2,014 in 2014¹⁰

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $2.4 billion (4% of GDP) in 2013¹¹

Central Government Expenditure: $4.4 billion (7% of GDP) in 2013¹¹

Central Government Budget Balance: -$2.0 billion (-3% of GDP) in 2013¹¹

Central Government Public Debt: N/A

Central Government 10 Year Bond Interest Rate: N/A

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013¹²

Progressive tax rates from 0% to 20%

Corporate Tax Rate: 25% in 2014¹³

Monetary Policy

Money Supply (M1): $9.3 billion (16% of GDP) in 2013* ¹⁴

Benchmark Interest Rate: N/A

Total Reserves: $7.3 billion (12% of GDP) in 2012¹⁵

Exchange Rate: 1,031 Myanmar Kyat = 1 U.S. Dollar on Feb 4, 2015¹⁶

Inflation: 5.5% in 2013¹⁷

* Money supply calculated using the exchange rate 1,031 MMK = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013¹⁸

N/A (data not available at Relbanks.com)

International Accounts

Exports: $9.0 billion (15% of GDP) in 2013¹⁹

Imports: $10.1 billion (17% of GDP) in 2013¹⁹

Trade Balance: -$1.1 billion (-2% of GDP) in 2013¹⁹

Foreign Direct Investment Inflow: $2.2 billion (4% of GDP) in 2013²⁰

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: $504 million (1% of GDP) in 2012²¹

Foreign Aid Outflow: N/A

References

^{1. Source: World Bank Indicators (Population) Go back}
^{2. Source: CIA World Factbook (GDP) Go back}
^{3. Source: UN Data (GDP per capita) Go back}
^{4. Source: CIA World Factbook (GDP per capita PPP) Go back}
^{5. Source: CIA World Factbook (GDP growth rate) Go back}
^{6. Source: United Nations Statistics Division (GDP by industry) Go back}
^{7. Source: World Bank Indicators (Unemployment rate) Go back}
^{8. Source: CIA World Factbook (Employment by economic activity) Go back}
^{9. Source: Annual reports (Corporate data) Go back}
^{10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back}
^{11. Source: CIA World Factbook (Government budget) Go back}
^{12. Source: KPMG (Individual tax rates) Go back}
^{13. Source: Tax Foundation (Corporate tax rate) Go back}
^{14. Source: World Bank Indicators (Money supply) Go back}
^{15. Source: World Bank Indicators (Total reserves) Go back}
^{16. Source: Yahoo Finance (Exchange rate) Go back}
^{17. Source: World Bank Indicators (Inflation rate) Go back}
^{18. Source: Relbanks.com (Financial institutions by assets) Go back}
^{19. Source: CIA World Factbook (Trade data) Go back}
^{20. Source: World Bank Indicators (FDI data) Go back}
^{21. Source: World Bank Indicators (Aid data) Go back}